Reason for low mintage cents and nickels 0

[RWB]

This letter explains a typical reason for low mintages of cents and nickels in certain years.

Since just after introduction of CuNi coins in 1865, the Philadelphia Mint and Treasury operated a coin redemption and reissue program. The coins were more resilient than copper or silver pieces, but they discolored with use, and the public (esp the newspapers) thought they were dirty and filled with "germs." For this reason, lightly worn cents and nickels were washed, tumbled with corn cob scrap and given a quick acid dip to brighten them. These were reissued to banks and transit companies (aka "railroads") instead of striking new coins. The pubic was coolly receptive, but they still insisted on bright new coins around christmas and New Year.

 

February 2, 1894

Superintendent Mint U.S.

Philadelphia, Penna.

Sir:

On account of the redundancy of the five-cent nickel pieces, as shown by the amount presented to the Treasury for redemption, the Secretary has directed that the coinage of such pieces be suspended until otherwise instructed. You will, therefore, govern yourself accordingly.

I will thank you to inform me how soon you will require another invoice of gold bullion from New York, as it is probable that it will be necessary to continue a heavy coinage of gold for the next two or three months.

Respectfully yours,

R. E. Preston,

Director of the Mint.